Prediction markets this week

Why do prediction markets favor FTC oversight? Last week we talked about how the FTC has sued to stop prediction market regulatory actions in 3 states.

A reason that that prediction markets favor the FTC as a regulator is that with their IPOs looming, they want “safe-haven regulatory environment with as little taxation as possible.”

Governing | Prediction Markets Are Gambling, So States Should Regulate — and Tax — Them